Private Equity

PE Fund Investments

FMCG distribution platform Ripplr hires Investec to raise $40-M in Series B

Mint  

Ripplr, a Bengaluru-based tech-enabled distribution platform focussed on fast-moving consumer goods companies, has appointed Investec, an investment bank for its Series B funding. The firm has mandated Investec to secure USD 40-50 million, including debt of around USD 10 million. Ripplr is in talks with global venture capital funds and mid-market private equity funds and is seeking a valuation of USD 200 million, or nearly four times the post-money valuation of USD 52 million it clocked during an extended Series A round of USD 12 million late last year. Japanese conglomerate Sojitz Corp. and Stride Ventures led the funding, along with existing investors 3one4 Capital and Zephyr Peacock India Growth Fund in December.